• Latest news & comment - 11th March

Morrisons plans store openingsOn the money: Morrisons planning store openings (MEM)

UK retailer Morrisons said it will open 60 new stores in the next three years as it continues its drive to move from "national to nationwide".

On the money: Delhaize “steps up” investment to drive growth (MEM)

Delhaize has insisted that its planned increase in capital expenditure during 2010 will fuel mid-term growth accross its retail banners in the US and Europe.

US: Smithfield losses narrow on packaged meats 

Strength in Smithfield Food's packaged meats business resulted in a narrowing of the firm's losses for the first nine months of the year.

  • UK: Morrisons books bumper profits
    Morrisons today (11 March) booked a 21% jump in underlying profits during fiscal 2009, driven by increased customer footfall and strides made under the company's “optimisation programme”.
  • BELGIUM: Delhaize beats despite soft Q4
    Belgian supermarket group Delhaize has exceeded its full-year profit guidance, despite booking a 22.9% drop in operating profit during the final quarter of the year.
  • CANADA: Sobeys earnings drive Empire growth
    The strong performance of retailer Sobeys has helped its parent Empire Company report a rise in third quarter earnings and revenues.
  • EU: Brussels backs bluefin tuna ban (MEM)
    The European Union has thrown its weight behind a ban on international trade in Atlantic bluefin tuna.
  • CANADA: Viterra acquires pasta maker (REG)
    Canadian food maker Viterra has entered into a definitive agreement to acquire Dakota Growers Pasta Company, North Americs'a third-largest dry pasta manufacturer, for a total of US$240m.
  • IRELAND: Origin Enterprises earnings slip
    The CEO of Origin Enterprises maintained that the company had performed well in its first half despite recording a 16% fall in revenues and an 18% fall in EBITDA.
  • Food makers catering to local tastes in China (MEM)
    One of the challenges for multinational food companies doing businesses in China is the cultural uniqueness of the world’s most populous country. But, well aware of the riches that could be tapped, the international food industry is developing flavours and health traditions that accommodate Chinese tastes, Wang Fangquin reports.

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  • News by sector

Retailers launch fresh offensive on education
10th March 2010 17:14

Tesco, the UK's largest private employer, has continued the prolonged assault on what it terms the failings of the UK's education system.

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  • Reports in focus
  • Hot topic

Multinationals go local in China

Kraft Food makers catering to local tastes in China (MEM)
 
One of the challenges for multinational food companies doing businesses in China is the cultural uniqueness of the world’s most populous country. But, well aware of the riches that could be tapped, the international food industry is developing flavours and health traditions that accommodate Chinese tastes, Wang Fangquin reports.

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